Withum

FEBRUARY 6, 2023

USA and Statutory) work as audit trails were accessible and reliable along with improved financial internal controls through access/permissions and system inherent controls such as auto-generated invoice numbers with audit trail down to the record level. Lessen the external auditor’s (e.g., Contact Us Good News!

tax preparation 78

tax preparation business tax Tax general ledger 78

CPA Practice

NOVEMBER 10, 2023

However, it provides an opportunity for business owners – and their accountants – to leverage new solutions that are both business and accounting-friendly. How can accountants help their clients get ahead of messy data collection and unruly tax preparation? Let’s dig in.

Sales 100

Sales business tax Tax tax preparation 100

Snyder

NOVEMBER 10, 2022

The biggest tax season challenge for a small business is tax preparation and filing. Most SMB owners fall into the trap of putting off taxes until the last minute because they don’t have professional tax accounting software backing them up. First, try to make the most out of your accounting software.

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tax preparation Tax tax return accounting software 52

ThomsonReuters

APRIL 18, 2022

Reflect on this year’s busy tax season to avoid burnout next season. What have you learned this tax season that you can apply to next year? This will help you build a plan of action to make next year’s tax season a little more manageable. Keep an open dialogue to support tax preparers and the rest of the team.

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tax preparation Technology Tax accounting and finance 104

Ronika Khanna CPA,CA

FEBRUARY 23, 2023

Probably the most popular question posed to accountants and tax preparers (especially around this time of year) is “what types of expenses are deductible?”. The short answer is that a business expense is considered to be deductible if it has been incurred with the ultimate purpose of earning income.

Tax 52

Tax tax return business tax income tax 52

Ronika Khanna CPA,CA

FEBRUARY 10, 2023

What type of accounting system should you use? When you start your business or income earning activity, it is important know how you are going to document your income and expenses. If you plan to do this yourself you usually have two choices – 1) you can either go the spreadsheet route or 2) you can use accounting software.

tax return 52

tax return Tax accounting software business tax 52

Snyder

NOVEMBER 14, 2022

When a CPA is in the zombie zone, you can’t perform well during the tax filing season. Will your clients be satisfied with loosely done books auditing and tax preparation in the end? That’s why the busy season is all about setting boundaries. For the upcoming tax season, do your planning and stick to it.

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Account accountant accounted Tax 98